Society Of Cable Telecommunications Engineers Inc
- Assets
- $15.9m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 39
- Location
- Exton, PA
- Founding
- 06/1977
- Data as of
- 06/2022
- EIN
- 22-2158409
Organization Overview
Society Of Cable Telecommunications Engineers Inc is located in Exton, PA. The organization was established in 1977. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Society Of Cable Telecommunications Engineers Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Cable Telecommunications Engineers Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Society Of Cable Telecommunications Engineers Inc generated $6.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $6.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (14.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS THE TECHNICAL AND APPLIED SCIENCE LEADER FOR THE CABLE TELECOMMUNICATIONS INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP PROGRAM - MEMBERSHIP PROGRAM CONSIST OF SEVERAL TIER MEMBERSHIPS. THE SCTE STANDARDS MEMBERSHIP PROGRAM PROVIDES AN ANSI-ACCREDITED FORUM FOR THE DEVELOPMENT OF TECHNICAL SPECIFICATIONS SUPPORTING THE CABLE TELECOMMUNICATIONS INDUSTRY. SCTE INDIVIDUAL MEMBERSHIP PROVIDES A BROAD SPECTRUM OF TECHNOLOGICAL INFORMATION AND RESOURCES THAT BENEFITS THE MEMBER IN THEIR PURSUIT FOR KNOWLEDGE AND CAREER DEVELOPMENT WITHIN THE INDUSTRY. CORPORATE MEMBERSHIP ALLOWS ORGANIZATIONS TO ENROLL EMPLOYEES AS MEMBERS AND SELECT VARIOUS TRAINING OPTIONS FOR THEIR EMPLOYEES.
MEMBERSHIP PROGRAM - MEMBERSHIP PROGRAM CONSIST OF SEVERAL TIER MEMBERSHIPS. THE SCTE STANDARDS MEMBERSHIP PROGRAM PROVIDES AN ANSI-ACCREDITED FORUM FOR THE DEVELOPMENT OF TECHNICAL SPECIFICATIONS SUPPORTING THE CABLE TELECOMMUNICATIONS INDUSTRY. SCTE INDIVIDUAL MEMBERSHIP PROVIDES A BROAD SPECTRUM OF TECHNOLOGICAL INFORMATION AND RESOURCES THAT BENEFITS THE MEMBER IN THEIR PURSUIT FOR KNOWLEDGE AND CAREER DEVELOPMENT WITHIN THE INDUSTRY. CORPORATE MEMBERSHIP ALLOWS ORGANIZATIONS TO ENROLL EMPLOYEES AS MEMBERS AND SELECT VARIOUS TRAINING OPTIONS FOR THEIR EMPLOYEES.
INDUSTRY RELATED TRADE SHOWS/EXHIBITS - CURRENT INDUSTRY RELATED PROGRAMS CONSIST OF CABLE-TEC EXPO, AN INDUSTRY'S ENGINEERING SHOW THAT PROVIDES THE OPPORTUNITY TO DISCOVER AND LEARN FIRST-HAND ABOUT THE LATEST IN CABLE TECHNOLOGY, PRODUCTS AND SERVICES. THIS EVENT ATTRACTS THOUSANDS OF CABLE TELECOMMUNICATIONS TECHNOLOGISTS EACH YEAR FOR HUNDREDS OF STATE-OF-THE-ART TECHNICAL EXHIBITS; A VARIETY OF TECHNICAL WORKSHOPS; THE INTERNATIONAL CABLE-TEC GAMES; THE HIGH PROFILE OPENING GENERAL SESSION; THE PRESTIGIOUS ANNUAL AWARDS LUNCHEON, TOP INDUSTRY LEADER KEY NOTE SPEAKERS AND AN ABUNDANCE OF FIRST-RATE NETWORKING OPPORTUNITIES. THE CHAPTER LEADERSHIP CONFERENCE IS AN EXCLUSIVE FORUM FOR CURRENT AND POTENTIAL SCTE CHAPTER LEADERS TO SHARE BEST PRACTICES, EXCHANGE IDEAS AND CELEBRATE SUCCESSES.
INDUSTRY RELATED TRADE SHOWS/EXHIBITS - CURRENT INDUSTRY RELATED PROGRAMS CONSIST OF CABLE-TEC EXPO, AN INDUSTRY'S ENGINEERING SHOW THAT PROVIDES THE OPPORTUNITY TO DISCOVER AND LEARN FIRST-HAND ABOUT THE LATEST IN CABLE TECHNOLOGY, PRODUCTS AND SERVICES. THIS EVENT ATTRACTS THOUSANDS OF CABLE TELECOMMUNICATIONS TECHNOLOGISTS EACH YEAR FOR HUNDREDS OF STATE-OF-THE-ART TECHNICAL EXHIBITS; A VARIETY OF TECHNICAL WORKSHOPS; THE INTERNATIONAL CABLE-TEC GAMES; THE HIGH PROFILE OPENING GENERAL SESSION; THE PRESTIGIOUS ANNUAL AWARDS LUNCHEON, TOP INDUSTRY LEADER KEY NOTE SPEAKERS AND AN ABUNDANCE OF FIRST-RATE NETWORKING OPPORTUNITIES. THE CHAPTER LEADERSHIP CONFERENCE IS AN EXCLUSIVE FORUM FOR CURRENT AND POTENTIAL SCTE CHAPTER LEADERS TO SHARE BEST PRACTICES, EXCHANGE IDEAS AND CELEBRATE SUCCESSES.
PROFESSIONAL DEVELOPMENT - THE LEARNING AND DEVELOPMENT PROGRAM IS DEDICATED TO PROVIDING ESSENTIAL KNOWLEDGE TO CABLE PROFESSIONALS AT ALL LEVELS, PROVIDING CABLE TELECOMMUNICATIONS INDUSTRY PROFESSIONALS WITH THE TOOLS AND RESOURCES NECESSARY TO DEVELOP AND ADVANCE IN THEIR CAREERS. FOR EXPANDING TECHNICAL KNOWLEDGE, SHARPENING SKILLS, OR RESEARCHING TO KEEP ABREAST OF THE LATEST INDUSTRY TRENDS. ROBUST CONTENT CONSIST OF TECHNOLOGY-CENTRIC PROGRAMS AND SERVICES THE INDUSTRY NEEDS. FROM EDUCATIONAL OFFERINGS AND INDUSTRY CERTIFICATIONS TO A DATABASE OF HUNDREDS OF TECHNICAL PAPERS AND PRESENTATIONS. THE CORTEX LEARNING AND DEVELOPMENT PROGRAM MODEL IS DESIGNED TO CORRELATE TRAINING WITH BUSINESS RESULTS TO IMPROVE OVERALL INDUSTRY PERFORMANCE.
PROFESSIONAL DEVELOPMENT - THE LEARNING AND DEVELOPMENT PROGRAM IS DEDICATED TO PROVIDING ESSENTIAL KNOWLEDGE TO CABLE PROFESSIONALS AT ALL LEVELS, PROVIDING CABLE TELECOMMUNICATIONS INDUSTRY PROFESSIONALS WITH THE TOOLS AND RESOURCES NECESSARY TO DEVELOP AND ADVANCE IN THEIR CAREERS. FOR EXPANDING TECHNICAL KNOWLEDGE, SHARPENING SKILLS, OR RESEARCHING TO KEEP ABREAST OF THE LATEST INDUSTRY TRENDS. ROBUST CONTENT CONSIST OF TECHNOLOGY-CENTRIC PROGRAMS AND SERVICES THE INDUSTRY NEEDS. FROM EDUCATIONAL OFFERINGS AND INDUSTRY CERTIFICATIONS TO A DATABASE OF HUNDREDS OF TECHNICAL PAPERS AND PRESENTATIONS. THE CORTEX LEARNING AND DEVELOPMENT PROGRAM MODEL IS DESIGNED TO CORRELATE TRAINING WITH BUSINESS RESULTS TO IMPROVE OVERALL INDUSTRY PERFORMANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Mitchko-Beale Chairman | OfficerTrustee | 1 | $0 |
Guy Mccormick Vice Chair | OfficerTrustee | 1 | $0 |
Sherita Ceasar Treasurer (started Nov. 2021) | OfficerTrustee | 1 | $0 |
Ron Mckenzie Secretary | OfficerTrustee | 1 | $0 |
Tom Adams Director | Trustee | 1 | $0 |
Eddie Arnold Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Promptworks Consulting Services | 12/30/21 | $654,215 |
Freeman Co Conference Services | 12/30/21 | $587,257 |
Signature Communications Marketing/consulting | 12/30/21 | $375,846 |
First Pro Consulting Services | 12/30/21 | $339,872 |
The Garfield Group Marketing/consulting | 12/30/21 | $298,583 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,018,265 |
| Investment income | $33,714 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $26,093 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$690,673 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,138 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,437,307 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,042,305 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,097,900 |
| Pension plan accruals and contributions | $317,787 |
| Other employee benefits | $145,565 |
| Payroll taxes | $157,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $98,552 |
| Fees for services: Accounting | $27,083 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,981,528 |
| Advertising and promotion | $152,461 |
| Office expenses | $24,092 |
| Information technology | $25,032 |
| Royalties | $0 |
| Occupancy | $111,729 |
| Travel | $142,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $155,213 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $776,852 |
| Insurance | $44,330 |
| All other expenses | $161,611 |
| Total functional expenses | $6,886,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,134,440 |
| Savings and temporary cash investments | $5,125 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $732,341 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $467 |
| Prepaid expenses and deferred charges | $975,774 |
| Net Land, buildings, and equipment | $2,342,579 |
| Investments—publicly traded securities | $4,206,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,534,099 |
| Other assets | $0 |
| Total assets | $15,925,868 |
| Accounts payable and accrued expenses | $2,961,522 |
| Grants payable | $0 |
| Deferred revenue | $4,331,063 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,292,585 |
| Net assets without donor restrictions | $8,633,283 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,925,868 |